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Showing 3031 - 3040 of 22782 results for "Funds"

Super fund satisfaction still poor: Report

JAMIE WILLIAMSON  |  THURSDAY, 6 JUL 2023
While super funds' returns might have recovered, member satisfaction certainly hasn't. In fact, a new report shows it's fallen even further. The latest CSBA FEAL Superannuation CX Benchmarking report found 25% of members who had recently engaged with ...

Magellan's FUM falls again

CHLOE WALKER  |  THURSDAY, 6 JUL 2023
Magellan Financial Group has taken yet another blow to its funds under management (FUM), falling $1.7 billion during the month of June. Magellan's FUM now sits at $39.7 billion. It experienced net outflows of $2.1 billion in the month, which included ...

Waypoint REIT cops $27.1m devaluation

CASSANDRA BALDINI  |  THURSDAY, 6 JUL 2023
... review by WPR's auditors. Overvaluation of property assets has been scrutinised in recent times, particularly as super funds release their annual returns. Adding to the property sector's woes are supply chain problems, however higher interest ...

HESTA generates 9.59% investment return

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
... continue to contribute to strong long-term performance that's top tier when ranked against our peers." Of the industry funds that have reported results thus far, Australian Retirement Trust takes the lead with a 10% return, while Cbus and AustralianSuper ...

iPartners launches property credit fund

KARREN VERGARA  |  THURSDAY, 6 JUL 2023
... attractive asset class," Miller said. iPartners is both a platform and fund manager. The latter, launched in 2020, has four funds with more than $250 million in funds under management. Last September, it appointed Thom Bentley as its director head of ...

Frontier calls for better unlisted asset valuations

ANDREW MCKEAN  |  WEDNESDAY, 5 JUL 2023
... placing more emphasis on correct valuation practices. APRA has criticised the valuation processes for unlisted assets in super funds, highlighting an overreliance on external parties and inadequate governance. Previously, the regulator found that very ...

MySuper products bounce back: Data

JAMIE WILLIAMSON  |  WEDNESDAY, 5 JUL 2023
... MySuper products return an average of about 9% for FY23, according to Rainmaker Information - a finding supported by those funds that already released figures. Modelling by Rainmaker shows superannuation returns are likely to outdo the long run median ...

Allegro unveils PwC entity as Scyne Advisory

CASSANDRA BALDINI  |  TUESDAY, 4 JUL 2023
... Australian public sector advisory business will remerge as Scyne Advisory following its takeover from private equity firm Allegro Funds. Allegro funds confirmed the new business, which it acquired for $1, will be fully independent of PwC and employ around ...

Bentham opens fund to retail investors

CHLOE WALKER  |  TUESDAY, 4 JUL 2023
... securities, global capital securities, asset-backed securities and derivatives. Today, the fund manages over $500 million in funds under management (FUM) with positive returns recorded over past five years. Bentham principal and chief investment officer ...

ART delivers 10% for members

KARREN VERGARA  |  TUESDAY, 4 JUL 2023
... that pushed super fund performance in the red. The listed and direct property sector continues to be a bugbear for super funds. Those invested in Dexus would have copped a $1 billion loss or 6% drop in value. Chief investment officer Ian Patrick said ...